Well, if they have microphones for singers, they certainly have the ability to amplify an acoustic-only guitar. However, there is no shortage of acoustic-electrics in your price range. Takakamines, Yamahas, Ibanez, Alvarez, used Seagulls, Epiphones, Larrivees..... the list is almost endless. I wouldn't spend much time over-thinking open-mic setups. Additionally, the cost to install a K&K (or similar) would be nothing. The pickup will run you around $100 and you can install it yourself. If you chose to pay someone, it's usually around $100. Therefore you could take your existing guitar and have a professionally installed K&K for $200 max.
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